He worked for billionaire George Soros for more than a decade, making bets on currencies. [11], Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. Duquesne Capital Management is an Investment Management company located in Pittsburgh, Pennsylvania with 13 employees. As of 09/30/2022, below is a summary of the Duquesne Family Office LLC top holdings . While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. The 13F portfolio value decreased ~11% from $3.08B to $2.76B this quarter. About $2.7 billion belongs to the foundation, based on Bloomberg calculations, and this sum isn't included in his net worth calculation. Free shipping for many products! Get our editors daily picks straight in your inbox! The average dividend of the stocks in his portfolio is 1.08%. They add up to ~53% of the portfolio. [6], In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York, where he lived two days each week. There was a ~63% reduction over the last two quarters at prices between ~$236 and ~$305. Find many great new & used options and get the best deals for Vintage Pittsburgh Pa Duquesne Incline SnapBack Trucker Hat Yellow 90's at the best online prices at eBay! OriginalWhaleScore Frozen Fruit, Juice, and Vegetable Manufacturing, Data Processing, Hosting, and Related Services, Semiconductor and Related Device Manufacturing, Optical Instrument and Lens Manufacturing, Water and Sewer Line and Related Structures Construction, Wireless Telecommunications Carriers (except Satellite), Crude Petroleum and Natural Gas Extraction, Farm Machinery and Equipment Manufacturing, Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Bituminous Coal and Lignite Surface Mining. About. [1] [2] As of 2016, the firm reported $1,026B in managed securities and a portfolio with a 23.8 percent allocation in the materials sector, a 15.3 percent allocation in the health care sector, and a 14.6 percent allocation in the . He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. He shut down his $12 billion hedge fund Duquesne Capital Management in August 2010, returning funds to clients. I am not receiving compensation for it (other than from Seeking Alpha). An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). The impact to a portfolio due to this purchase was 0.43%. This way it is always invested in the best ideas of the best performing hedge funds and is able to generate much higher returns than the market. Druckenmiller also invested $1 billion at the time of the founding of PointState Capital, a hedge fund started in 2011 by former Duquesne money managers. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.. [18] Druckenmiller was a major supporter of Republican Governor Chris Christie of New Jersey. On September 18, Druckenmiller withdrew his bid to purchase the team.[27]. He and Soros famously "broke the Bank of England" when they shorted British pound sterling in 1992, reputedly making more than $1 billion in profits, in an event known as Black Wednesday. During the financial crisis, Mr. Druckenmiller, worried about the fate of his fund, withdrew most of his money from Goldman Sachs, causing a schism with the firm. Duquesne Capital Management Blogs, Comments and Archive News on Economictimes.com . Investments 6. Founder of hedge fund Duquesne Capital. He indicated it was not easy to make big profits while handling very large sums of money. They add up to ~53% of the portfolio. Former executives of Stan Druckenmiller's Duquesne Capital Management are opening a new firm with $5 billion, according to four people briefed on the plans. to generate high returns in the 20% to 30% range. 3-Year Annualized Return 3-Year Cumulative Return Rank Compared to other Funds; Top 20 Holdings Weighted Performance vs S&P500. Dish Network (DISH), Flex Ltd. (FLEX), KBR Inc. (KBR), Option Care Health (OPCH), and Sea Ltd. (SE): These are very small (less than ~1% of the portfolio each) stakes that were increased this quarter. Utilizes and implements portfolio management software solutions and capital markets tools. [3] He is reported to have made $260 million in 2008.[4]. There was a ~63% selling over the last three quarters at prices between ~$118 and ~$149. . Duquesne Fund Services LLC. Druckenmillers defensive plays conserved value and cemented his reputation as a star. )* NEW FORTRESS ENERGY LLC (Name of Issuer) Class A Common Stock, no par value (Title of Class of Securities) 644393100 (CUSIP Number) August . Duquesne Family Office is a New York -based investment management firm, founded in 2010 by Stanley Druckenmiller. Whalewisdom has at least 48 13F filings, and 4 13G filings. On March 31st, 2019, Duquesne Family Offices equity portfolio was valued $3.45 billion, which is almost double the value it had at the end of the previous quarter ($1.73 billion). He launched his hedge fund in 1956 with $105,100 in seed capital. The next three quarters saw a ~140% stake increase at prices between ~$150 and ~$232. Please disable your ad-blocker and refresh. Modified: 3/1/2023 9:52:21 PM. Mr. Druckenmillers career has not been without missteps. [1] His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey (a section of Greenwich Township, Gloucester County, New Jersey) and then in Richmond, Virginia (his sisters, Helen and Salley, would stay with their mother in Philadelphia). His investment philosophy is to adopt an active trading style similar to that of George Soros by holding long . 108 Rockwell Hall, 600 Forbes Ave. Pittsburgh, PA 15282. to see more advanced email alert options such as selecting any type of This quarter saw another ~15% stake increase at prices between ~$26 and ~$31. Sorry, no results has been found matching your query. Several months later, he earned another $1 billion betting against the Swedish krona and later won shorting the Thai baht and Malaysian ringgit. There was a ~7% trimming this quarter. Location. Zach Kurz, a partner at $6 billion PointState since 2017, will assume many of Mr. Samuelson's responsibilities and also become deputy chief investment officer, Mr. Schreiber said in the letter. Duquesne has not had a down year in its 30-year history. It lost 19% in 2018, in part from a wrong-way bet on oil stocks that tumbled in the fourth quarter. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. At the time, he said: We thought it was the eighth inning, and it was the ninth. He managed to achieve about a 40% average annual return on a multi-billion dollar hedge fund over 25 years during his time at Quantum and a 30% average annual return on his Duquesne Capital Management over 30 years. Latest. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Whalewisdom has at least 43 13F filings, 12 13D filings, and 53 13G filings. Tuesday, March 7, 2023 10:00 - 12:00 a.m. EST. for DUQUESNE FAMILY OFFICE LLC, Top 20 equal-weighted holdings. Teck Resources (TECK): TECK was a 2.47% of the portfolio position built in Q4 2020 at prices between ~$12.25 and ~$18.85. His funds were down for about 5 percent when he announced his retirement in August. Hence, he closed the fund that has been running for 29 years (it was founded back in 1981) and had $12 billion in assets, and turned it into a family office, which, interestingly, still issues quarterly 13Fs. https://www.nytimes.com/2010/08/19/business/19hedge.html. Airbnb (ABNB): ABNB is a ~3% of the portfolio stake established in Q2 2021 at prices between ~$133 and ~$190 and it is now at ~$171. In 1975, he received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. While our clients were certainly pleased that we achieved positive results for 2008 and 2009 in a challenging environment, as you may have surmised I was dissatisfied with those results because they did not match my own, internal long-term standard, Druckenmiller said. Druckenmiller, who shut down his $12 billion hedge fund Duquesne Capital Management in 2010 and now manages his money through a family office, also said that inflation is likely to rise over the . There were also stocks in which Duquesne Family Office starter to lose faith and decided to lower its stakes during Q1, and those included Coupa Software Incorporated (NASDAQ:COUP), Workday, Inc. (NASDAQ:WDAY), AC Immune SA (NASDAQ:ACIU), and Okta, Inc. (NASDAQ:OKTA). The five sons of Steelers founder Art Rooney Sr. were working to restructure ownership of the team, and Druckenmiller was contacted by a member or representative of the Rooney family about buying the shares of several of the Rooney brothers. Stanley Freeman Druckenmiller (born June 14, 1953) is an American investor, hedge fund manager and philanthropist. 130 E. Randolph St. Duquesne Family Office has met the qualifications for inclusion in our WhaleScore system. There was a ~15% trimming over the last three quarters. Steve Cohen's Point72 Has Gone Long GME: Point72 is a fund managed by Steve Cohen, who also owns the New York Mets. Druckenmiller is chairman and chief investment officer of Duquesne Family Office. The current portfolio value is calculated to be $1.76 Bil. This quarter saw the position sold down by ~80% at prices between ~$106 and ~$117. Link to 13F filings: SEC filings. [1] In 1988, Druckenmiller married Fiona Katharine Biggs, a Barnard College graduate and niece of investor Barton Biggs, in an Episcopalian ceremony. Duquesne Capital Management L L C is based out of Pittsburgh. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. Druckenmiller, who acquired expertise in making global bets on interest rates and currencies while working at Soros Fund Management, posted an average annual return of 30 percent at his fund for decades. SBA Lending Basics and Lender Match: Tools for Business Success. Their last reported 13F filing for Q4 2022 included $2,020,266,796 in managed 13F securities and a top 10 holdings concentration of 68.68%. Kahlil Dukes, Capital Prep, 2013 A 6-0 guard, Dukes averaged 24 points and four assist per game for the Trailblazers. Druckenmiller bet against the British pound in 1992 on the belief that the Bank of England had insufficient reserves to prop up its currency. Duquesne Capital Management, LLC initiated holding in StoneCo Ltd. Save . Two years later, bets on the expanding technology bubble wracked up losses. Duquesne increased Coupang, Carvana, Kbr, Flex, Procept Bio, and Smartsheet while decreasing Alphabet, Amazon.com, Palo Alto Networks, Starbucks, and Expedia Group. If you have an ad-blocker enabled you may be blocked from proceeding. Our Standards: The Thomson Reuters Trust Principles. By that point, Soros had become more of a coach.. Donates $36.5 million to build science center at Bowdoin College. So, how did Warren Buffett manage to generate high returns and beat the market? Later that decade, Mr. Soros, who had begun shifting his focus to philanthropy, recruited Mr. Druckenmiller to become the principal manager of his Quantum Fund after Mr. Druckenmiller read Mr. Soross book The Alchemy of Finance and arranged to meet him. He moved to Pittsburgh full-time in 1986, when he was named head of the Dreyfus Fund. In November, seeking to replace money it had lost on trades and through redemptions, the firm opened to new investments. You can enter your email below to get our FREE report. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. Now well find out whether Ive just been in your hair too much or whether you really are inept.. [14] Druckenmiller has three daughters with Biggs: Sarah, Tess, and Hannah. February 17th, 2023 - Hedge Funds Insider Trading, February 15th, 2023 - Hedge Funds Insider Trading, September 28th, 2022 - Hedge Funds Insider Trading, September 16th, 2022 - Hedge Funds Insider Trading, June 10th, 2022 - Hedge Funds Insider Trading. The largest company in Stanley Druckenmiller portfolio by market cap is Apple Inc, while the smallest is Dunkin Brands Group Inc.4. Mining, Quarrying, and Oil and Gas Extraction ($286 Million), Health Care and Social Assistance ($34.9 Million), Professional, Scientific, and Technical Services ($12.4 Million), Administrative and Support and Waste Management and Remediation Services ($0). Whitney Tilson credits Pershing Square Capital Management founder Bill Ackman with having introduced four couples who have gotten married -- and he wants to emulate that track record. When completed, an email will be sent to the email address you specify Carvana (CVNA): The 4.39% CVNA position saw a ~70% stake increase in H2 2021 at prices between ~$224 and ~$315. Intuit Inc. (INTU): The 2.47% INTU position was purchased in Q1 2021 at prices between ~$361 and ~$422. As per the news at that time, Druckenmiller was exhausted from the pressure of trying to keep up with one of the best track records in [] Heatmaps of the top 13f holdings and a list of the largest trades made by Duquesne Family Office, the hedge fund managed by Stanley Druckenmiller. At the end of the second quarter, Druckenmiller's top five positions were Apple AAPL.O, Wells Fargo WFC.N, McDonald's MCD.N, JPMorgan Chase JPM.N and Cisco Systems CSCO.O. Prior to that, he managed George Soros's Quantum Fund between 1988 and 2000. * Duquesne, $12 billion in assets, never had losing year, * Druckenmiller said recent performance disappointing, * Druckenmiller helped in Soros $1 bln bet against pound (Updates with link to related story). Recent activity follows. While equities were the firm's biggest exposure in the first three quarters of this year, losses in other strategies, including corporate debt and currencies, eroded those profits. Feb 18, 2022, 10:32 ET. The holdings are concentrated with recent 13F reports showing around 50 positions, many of which are very small. Duquesne Capital - Stanley Druckenmiller assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey. Toronto (31-32 SU, 31-32 ATS) travels to Washington to take on the Wizards (29-32 SU, 29-29-3 ATS) on Thursday at 7:10pmET from Capital One Arena. Founds Duquesne Capital Management with $1 million in separate accounts. Listed on 2023-03-01. All quotes delayed a minimum of 15 minutes. Duquesne Family Office LLC Holdings. Daily NewsletterDuquesne CapitalDuquesne Capital Stanley DruckenmillerDuquesne Family Office Q1 2019 Portfolio ChangesDuquesne Family Office Stanley DruckenmillerDuquesne Family Offices Latest MovesYahoo FinanceShow moreShow less. In 1981, Druckenmiller founded his own firm - Duquesne Capital Management. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Duquesne Capital Management . In this article, we discuss the 10 stocks that billionaire Stanley Druckenmiller is selling. as of 3/1/23. There was a ~10% trimming last quarter and a marginal reduction this quarter. Last edited on 11 November 2022, at 06:10, Greenwich Township, Gloucester County, New Jersey, Pittsburgh Post-Gazette: "Steelers' suitor Stanley Druckenmiller has always been good at making money" By Bill Toland, Forbes: The World's Billionaires - Stanley Druckenmiller, "Druckenmiller: Fed policy 'fraught with unappreciated risk', "Bowdoin Brief: Druckenmiller '75 earns $260 million in 2008", "Il miliardario Druckenmiller si disfa di altre azioni big tech in attesa recessione, ecco le due big di Wall Street scaricate lo scorso trimestre", "Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher", "Soros Shuffles Management as Big Funds Struggle", "Duquesne Alumni Said to Start New Hedge Fund With $5 Billion", "Druckenmiller to Shutter His Hedge Fund", "Stanley Druckenmiller Portfolio / Duquesne Family Office LLC Holdings", "Duquesne Family Office LLC - Latest 13F Holdings", "Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview", "Wall Street Titans & Their Warbling Daughters", "Sarah Druckenmiller, Maximilian Cascante", "The Fabulous Lives Of Wall Street's Kids", "From Fracking to Finance, a Torrent of Campaign Cash", "Christie's Camp Mobilizes to Salvage White House Hopes", "Druckenmiller Says Inflation Could Reach as High as 10%", "Hedge Funder Stan Druckenmiller Wants Every Young Person In America To See These Charts About How They're Getting Screwed", "45,000 Walkers Raising $6 Million Prove AIDS Walk New York Steps Still Lead the Way", "Druckenmiller withdraws name from Steelers sale", More Money Than God: Hedge Funds and the Making of a New Elite, "Druckenmiller to become full-time philanthropist", https://en.wikipedia.org/w/index.php?title=Stanley_Druckenmiller&oldid=1121229414, This page was last edited on 11 November 2022, at 06:10. connor dooley obituary, lifestance health portal login, Capital Stanley DruckenmillerDuquesne Family Office Q1 2019 portfolio ChangesDuquesne Family Office have an ad-blocker enabled you be... 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